Medicare Rates

SNFs could see 50% payment reduction for Pre-Existing Condition Insurance Plan claims

SNFs could see 50% payment reduction for Pre-Existing Condition Insurance Plan claims

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The federal government's Pre-Existing Condition Insurance Plan will reduce its payments to skilled nursing facilities by 50% as of June 15, according to the Centers for Medicare & Medicaid Services. The PCIP program received a budget of $5 billion in ACA funding, and CMS fears it will run out of money prior to 2014 given the current rate of pay-outs.

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